Progress 05/01/00 to 09/30/04
Outputs
The principal investigator left the university.
Impacts
The research activities described above contributes to the understanding of the impacts of various structural changes, including financial structure changes, on the performance of the food system in the U.S. Research on farmers' perceptions of risk and risk management contributes by generating better understanding of farmers' priorities about sources of production and financial risks and their use of various risk management strategies. This would help design appropriate programs to assist farmers adopt market-based risk management strategies for better farm financial management.
Publications
- No publications reported this period
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Progress 01/01/02 to 12/31/02
Outputs
During the last twelve months, my research focused on two major areas: (1) identification and measurement of the effects of structural changes (e.g., changes in market structure, globalization, capital structure, financial structure, etc.) on the production, input demand, efficiency, technological progress, and productivity growth in U.S. food industries; and (ii) risk and financial management in agriculture in the northeast. Some of the findings of these studies were presented at the 2002 Annual Meetings of Northeastern Agricultural and Resource Economics Association in Harrisburg, PA. Several journal articles are currently under review for publications in refereed journals. Also, some of the research findings have been published in New Jersey Agricultural Experiment Station (NJAES) publications. I have also undertaken analysis of the joint behavior of yields and prices of major agricultural crops in NJ. Using the portfolio theory of finance, the analysis estimates
the relative riskiness of various crops/enterprises and demonstrates how farmers can use the information to achieve risk reduction via efficient crop diversification. Results of the analysis have been reported in an NJAES publication.
Impacts
The research activities described above contributes to the understanding of the impacts of various structural changes, including financial structure changes, on the performance of the food system in the U.S. Research on farmers' perceptions of risk and risk management contributes by generating better understanding of farmers' priorities about sources of production and financial risks and their use of various risk management strategies. This would help design appropriate programs to assist farmers adopt market-based risk management strategies for better farm financial management.
Publications
- Ferdaus Hossain and Edouard Mafoua. 2002. Efficiency, Technology and Productivity in the U.S. Food Manufacturing Industries. Applied Economics. (under review).
- Benjamin Onyango and Ferdaus Hossain. 2002. Farmers Perceptions of Risk Sources and Risk Management Strategies in Agriculture in Urban Influenced Region: Evidence from New Jersey Agriculture. (abstract) Agricultural and Resource Economics Review, 33(2).
- Ferdaus Hossain, Benjamin Onyango and Adesoji O. Adelaja. 2002. Farmers Perceptions of Risk Sources and Risk Management Strategies in Agriculture at the Urban Fringe: Evidence from New Jersey Agriculture. New Jersey Agricultural Experiment Station Report No. P-02144-1-2002.
- Ferdaus Hossain and Benjamin Onyango. 2002. Farm-Retail Price Linkage in Fresh Vegetable Markets. New Jersey Agricultural Experiment Station Report No. P-02144-2-2002.
- Ferdaus Hossain and Benjamin Onyango. 2002. Revenue Stabilization via Efficient Crop/Enterprise Diversification: Analysis of New Jersey Agriculture. New Jersey Agricultural Experiment Station Report No. P-02144-3-2002.
- Ferdaus Hossain, Benjamin Onyango, Richard VanVranken and Daniel Kluchinski. 2002. Risk Perceptions and Risk Management in Fruits and Vegetables Production: Evidence from New Jersey. New Jersey Agricultural Experiment Station Report No. P-02144-4-2002.
- Ferdaus Hossain, Benjamin Onyango, Daniel Kluchinski and Richard VanVranken. 2002. Risk Perception and Risk Management in New Jersey Agriculture: Evidence from Livestock, Field Crops and Forage Farms. New Jersey Agricultural Experiment Station Report No. P-02144-5-2002.
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Progress 01/01/01 to 12/31/01
Outputs
Over the last year, my research efforts were focused on two major areas: (1) identification and measurement of the effects of structural changes (e.g., changes in market structure, globalization, capital structure, financial structure, etc.) on the production, input demand, efficiency, technological progress, and productivity growth in U.S. food industries; and (ii) risk and financial management in agriculture in the northeast. One of the studies examines the impact of changes in the financial structure of U.S. food industries on the production, input demands, profitability, and productivity in the industry. Results of this study were presented at the 2001 Annual Meetings of Northeastern Agricultural and Resource Economics Association in Maine, and 2001 Annual Meetings of the American Agricultural Economics Association. A journal article has been submitted to the American Journal of Agricultural Economics for publication. Another paper, which examines the impact of
structural changes in U.S. food industry on the efficiency, technological change and productivity growth in disaggregated (at 4 digit SIC level) food industries in the United States, has been submitted to the Agricultural and Resource Economics Review for publication. On the issue of farm financial and risk management, a survey of NJ farmers was completed to gather information on NJ farmers' perception of risk sources and various market-based risk management strategies. Results obtained by analyzing the survey data were presented in the 2001 Annual Meetings of Northeastern Agricultural and Resource Economics Association in Maine. An NJAES publication is currently in the intra-departmental review process. At least two other NJAES publications are in the final stages of preparation. It is expected that these studies will lead to several publications in refereed journals. Focusing on the issues of risk management in agriculture, I have completed an analysis of the joint behavior of
yields and prices of major agricultural crops in NJ. Using the portfolio theory of finance, the analysis estimates the relative riskiness of various crops/enterprises and demonstrates how farmers can use the information to achieve risk reduction via efficient crop diversification. Results of the analysis are reported in an NJAES publication that is currently in the intra-departmental review process. An article will be submitted shortly for publication in a refereed journal.
Impacts
The body of research described above contributes to the understanding of the impacts of various structural changes, including financial structure changes, on the performance of the food system in the U.S. Research on farmers' perceptions of risk and risk management contributes by generating better understanding of farmers' priorities about sources of production and financial risks and their use of various risk management strategies. This would help design appropriate programs to assist farmers adopt market-based risk management strategies for better farm financial management.
Publications
- Ferdaus Hossain, Ruchi Jain and Ramu Govindasamy. "Financial Structure, Production and Productivity Growth in U.S. Food Industry.", American Journal of Agricultural Economics, (under review), 2001.
- Ferdaus Hossain, Sanjib Bhuyan and Adesoji O. Adelaja. "Structural Change, Efficiency, Technology and Productivity: Evidence from U.S. Food Industries." Agricultural and Resource Economics Review (under review), 2001.
- Ferdaus Hossain and Ruchi Jain. "Impact of Financial Decisions on Productivity Growth in U.S. Food Manufacturing Industry" Agricultural and Resource Economics Review, 30(2), 2001 (published abstract).
- Adesoji O. Adelaja, Ferdaus Hossain and Benjamin Onyango. "Risk Attitudes, Perceptions, and Risk Management Strategies: Case for New Jersey Farmers" Agricultural and Resource Economics Review, 30(2), 2001 (Published abstract).
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Progress 01/01/00 to 12/31/00
Outputs
The project is in the initial phase of implementation. Currently, data are being collected and preliminary analysis is being undertaken. A study is currently underway that analyzes the link between financial decisions and its impact on production, technological change and overall productivity growth in the food sector in the United States. It is expected that the study will lead to a publication in a leading professional journal.
Impacts
No report on impact at this time.
Publications
- No publications reported this period
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